ASML (NASDAQ:ASML) Shares Up 0.9% - Should You Buy?

ASML Holding (NASDAQ:ASML - Get Free Report)'s stock price shot up 0.9% during mid-day trading on Wednesday . The stock traded as high as $744.47 and last traded at $742.68. 466,543 shares traded hands during trading, a decline of 65% from the average session volume of 1,320,079 shares. The stock had previously closed at $736.29.

Wall Street Analyst Weigh In

ASML has been the subject of several research reports. BNP Paribas started coverage on ASML in a research note on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 target price for the company. Morgan Stanley lowered ASML from an "overweight" rating to an "equal weight" rating in a research report on Friday, September 20th. Berenberg Bank raised ASML to a "strong-buy" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein dropped their price target on shares of ASML from $815.00 to $767.00 and set an "outperform" rating for the company in a research note on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $955.50.

ASML Stock Down 1.4 %

The business's 50-day moving average is $702.22 and its two-hundred day moving average is $801.85. The firm has a market capitalization of $285.74 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, equities analysts anticipate that ASML Holding will post 20.68 earnings per share for the current year.

Institutional Investors Weigh In On ASML

Several large investors have recently made changes to their positions in ASML. Fairway Wealth LLC acquired a new position in ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV bought a new stake in shares of ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the third quarter worth about $28,000. Fortitude Family Office LLC grew its holdings in shares of ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock worth $39,000 after buying an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in ASML in the 3rd quarter valued at approximately $43,000. Institutional investors own 26.07% of the company's stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.